A number of important innovations and events over the last 25 years have reshaped railroad marketing and have led to dramatically lower rates. Many of these innovations have been developed for and used extensively in agricultural markets. In this paper, we document these innovations and examine...

"Issues related to quality uncertainty in wheat producing countries have escalated in importance in recent years. While Canada addresses these issues in part through variety regulations, firms in the United States resolve these through varying commercial strategies. Conventional alternatives for...

Buyers of grain use premiums and discounts to convey to suppliers the value of quality characteristics. Premiums and discounts are determined by supply and demand for those quality characteristics. This report, the eighth in a series, contains the results of a 1991 survey of pricing and...

Past debate on competition and quality in international wheat markets has focused on class and country of origin as the salient source of differentiation. This study analyzes changes in demand for both wheat classes and grades. Comparisons are made between Canadian and U.S. hard wheats,...

A stochastic optimization model was developed to determine optimal testing strategies, costs, and risks for dual marketing of genetically modified (GM) and non-GM wheat in an export supply chain. The optimal testing strategy is derived that minimizes disutility of additional system costs due to...

The transcendental logarithmic function is used to derive demand functions which are estimated for wheat classes imported by Pacific Rim countries. Results indicate substantial differences exist in underlying demand parameters for wheat of different classes as well as across countries. In...

All major exporting countries of agricultural commodities have some form of credit guarantee program. As the importance of credit programs escalates, it is incumbent on policy makers to examine the value of their program relative to those of competitors. In this study, a model based on option...

This article presents a mathematical programming model of wheat cleaning and blending decisions at a country elevator. Simulations are performed to illustrate the sensitivity of cleaning to selected variables, including the value of screenings, transportation costs, and market discounts for...